1801 16Th StWheatland, WY 82201

Property Details for 1801 16Th St

Year built

1980

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

3,583 SF

Property type

Turn key restaurants

APN

246811401003CM

APU

246811401003CM

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Pizza Hut located in Wheatland, Wyoming. The property boasts a prime location directly off I-25, ensuring high visibility and accessibility. Built in 1980, this 3,306 square foot building sits on a one-acre lot and is currently operating at 100% occupancy. The lease features a remaining term of 14.7 years with attractive 1.50% annual rent increases, providing consistent and predictable cash flow. The asking price is $1,155,000, representing a compelling price per square foot of $349.36 and a strong 7.00% cap rate based on a current Net Operating Income (NOI) of $80,866. This is a rare opportunity to acquire a well-established, nationally branded restaurant in a thriving area. The property's location in Wheatland, Platte County, Wyoming (82201, 1801 16th St) offers significant advantages for investors seeking

• CAP approach

  CAP return

  Valuation

  6%

  $1,258,419

  6.5%

  $1,161,618

  7%

  $1,078,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,370,948

  Geo Method

  $745,989

• Alternative Use

  Use

  Valuation

  Residential

  $979,868

  Hospitality

  $897,554

  Educational

  $746,754

  Medical

  $772,436

  Retail

  $1,161,618

Location Insight

City

Wheatland

County

Platte

State

Wyoming

Latitude

42.065

Longitude

-104.964

Property Tax & Assessments

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